zhengzaishuru Baytex Energy (NYSE:BTE) currently is projected to generate US$528 million in 2024 free cash flow at current strip prices. This is around US$138 million more than Baytex's estimates from December 2023, as it benefits from improved oil strip prices. Baytex's estimated value also benefits from an improvement in the assumed odds of it winning its tax dispute with the Canada Revenue Agency. I had previously calculated Baytex's value based on a 50% chance of it prevailing, but the price it paid for ...